Introducing two new NFTs launched this week: Ether and Azuki Elementals.

New Ether and Azuki Elementals NFTs were launched this week.

The secondary market trading volume and weekly active traders of NFT have reached the lowest point this year. However, two new NFTs, Ether and Azuki Elementals, have garnered considerable attention this week. Cryptocurrency KOL Teng Yan has interpreted the casting of these two new NFTs and given his own opinion.

Ether is a “metaversal brand” inspired by anime. After a long period of preparation, it finally launched on June 30th. The first phase was a whitelist, priced at 0.35 ETH. There are 1,700 NFTs, and for those who are on the whitelist and willing to lock their NFTs for 10 weeks, it will be free (an interesting mechanism). The second phase is the public minting of 8,000 NFTs, each priced at 0.65 ETH.

Azuki Elementals just announced over the weekend that this new Azuki NFT series will be released at 9 am Pacific Time on June 27th. What we know is that it may be related to the anime series that Azuki is currently creating. Azuki holders will be the first to start minting, followed by Beanz, and then the public (if there are any remaining). It will be sold through a Dutch auction, starting at 2 ETH and dropping to 0.1 ETH within just over an hour. There are a total of 20,000 NFTs in the series. 8,743 have already been airdropped to Azuki holders, leaving approximately 11,257 available for sale.

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I will be watching the performance of these mints and at what price they sell for. For me, this is an important indicator of market interest in paid NFT issuances. It is also something that teams planning to launch NFT series in the coming weeks should closely monitor. If they sell out (and at a good price), it indicates that there is still a lot of capital interested in NFTs. They are just waiting for a good reason to deploy it. If these highly anticipated mints perform poorly, we are in a fairly deep NFT bear market, as the last group of people supporting the market – the most experienced PvP NFT traders – have also left.

Reference: https://twitter.com/0xprismatic/status/1673511989065162753

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